🇺🇸 Don’t miss the Oct. 15th extension deadline! Get your crypto taxes done with CoinTracker today. Get started now
June 28, 2024 · 2 min read
The web3 ecosystem is rapidly evolving to make onboarding easier for newcomers. Innovations like Coinbase Smart Wallets eliminate the need for seed phrases and simplify gas fees, making it the easiest way to get people onchain. As these advancements lower the barriers to entry, we want to ensure that the tax filing experience is just as simple.
CoinTracker has always been at the forefront of supporting smart contract wallets, accurately importing the flows within transactions. However, classifying these transactions correctly —whether it's a lending deposit, staking deposit, borrowing, adding liquidity, etc. — to ensure the right tax treatment has been a challenge that no crypto tax solution has fully addressed. Until now.
With this launch, CoinTracker now auto-categorizes transactions in ERC-4337-enabled smart contract wallets, including Coinbase Smart Wallet, ensuring users get the correct tax treatment for their DeFi activities without having to manually categorize their DeFi transactions.
We’ve made accurate tax calculation for smart contract wallets incredibly easy.
With CoinTracker, you get full coverage for Coinbase, including Coinbase Prime, Coinbase Wallet, Coinbase Smart Contract Wallet, Base, and cbETH. The CoinTracker x Coinbase partnership is focused on delivering the highest quality crypto tax solution for users. Our priority is to provide an easy to use and accurate solution, especially for the most advanced DeFi use cases. As crypto evolves and regulations take shape, CoinTracker and Coinbase will continue to closely partner with the north star of giving you peace of mind.